Chapter 1: Introduction to Statistics and Data Collection
What is Statistics?
•A branch of mathematics taking and transforming numbers in to useful information for decision makers
•Methods for processing and analyzing numbers
•Methods for helping reduce the uncertainty in decision making
What can statistics apply to?
Why study Statistics?
•Present and describe data and information properly
•Draw conclusion about large groups of individuals, or items by using information from samples.
•Make reliable forecasts about a business activity
•Improve business processesDownload:Chapter1(slides)